Workshop Overview 

Risk Analysis Forecasting Tools

Duration

  • 2 days
  • 9:00am - 4:30pm

Additional Info

A RIMS Fellow Workshop

Acquire the know-how to confidently quantify risk and make more informed management decisions. Calculating the variations in your company’s property and casualty risks with existing, or readily available, software (such as Excel), and quantifying the impact of extreme losses will help you establish a value on risks.

In this workshop, you’ll learn the quantitative methods that are essential for cutting claims costs and improving risk financing.

Session Listing

There are currently no sessions available. Contact us to request a session.

How You Will Benefit

By attending this workshop, risk and claims managers will learn to:

  • Improve risk analysis skills using MS Office and other statistical software products
  • Better understand and apply existing data utilizing the fingerprint technique
  • Demonstrate when accepting certain risk is more prudent than spending excessive resources to eliminate it
  • Perform linear regression forecasts and understand the benefits and limitations
  • Apply tests of association

    • Who Should Attend

    CFOs, risk, claims and safety managers.

    What You Will Cover

    • Statistical application in risk management
    • Strengths and weaknesses of forecasting methods
    • Data fingerprinting and pivot tables
    • Effective methods for monitoring and benchmarking performance
    • Enterprise risk management
    • Cash flow and tax considerations
    • Effectively using graphics to improve communications
    • Computer simulation to estimate the impact of retentions
    • Data mining

    Workshop Tools

    • Case studies
    • Interactive exercises (bring your laptop)
    • Group projects
    • Sample worksheets and templates

    Additional Notes

    We suggest that you register on-line for quick registration. If you are mailing us a check or doing a bank transfer, you need to fax us a copy of the registration form in order to hold your seat in the program. Registration is not guaranteed until we receive payment.  If you wish to participate in a RIMS course, the registration fee needs to be received by RIMS before the first day of the course.
     
    If you register by mailing a check or doing a bank transfer, you will be accepted as long as the program is not sold out when we receive your payment.
     
    International Attendee Information/Travel Visas- APPLY EARLY! Visa applicants are advised to apply to the consultate as soon as they decide to attend a program. We suggest at least four months in advance to allow enough time for the visa approval process to take place.
     
    Since registrations will be limited, we suggest registering as soon as possible.
     
    If you have any questions or need additional information, please contact through our online contact form.

    Cancellations and Refunds

    RIMS reserves the right to cancel a course if conditions warrant. In the event of such a cancellation, registration fees will be refunded. RIMS is not responsible for any travel or lodging expenses that an attendee may incur due to such a cancellation. Before purchasing your airline ticket, please confirm with RIMS (pd@RIMS.org) that there are enough registrations to conduct the program.
     
    All requests for refunds or changes must be submitted in writing. Registrants who cancel 15 business days or less prior to the start of the workshop can send a replacement from their company or receive credit to attend another workshop with the same duration and cost within a year of the cancelled registration. Please note if the member rate was paid for the original registration and you elect to send a replacement or transfer the credit to another employee of your organization who is not a member, an additional fee will be charged to offset the difference between the member and nonmember rate. No refunds will be issued for cancellations less than 15 days from the start of the workshop.
     
    Registrants who cancel 21 business days or less prior to the start of the workshop will be subject to a $150 service charge. Refunds for credit cards will be processed within 30 days. All other forms of payment will be issued 60 days following the course. Transfer to another course can be made within the calendar year. Individuals may be substituted prior to the course.
     
    In the event that a presenter is unable to perform due to an unforeseen circumstance, RIMS shall find a substitute with equal expertise.
     
     

    Travel Accommodations

    We recommend you use your favorite travel site for booking hotel rooms.

    Before purchasing your airline ticket, please confirm with RIMS (pd@RIMS.org) to ensure there are sufficient enough registrations to conduct the program.

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